Goldman Sachs' (GS) earnings dropped 47% and its stock price slid 46% in 2011, but CEO Lloyd...


Goldman Sachs' (GS) earnings dropped 47% and its stock price slid 46% in 2011, but CEO Lloyd Blankfein received a $7M restricted stock bonus for the year. He received the 61,702 share award on Feb. 1, Bloomberg reports; additionally, he received a $2M salary, an increase from his previous base of $600K.

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Comments (6)
  • Larry Smith
    , contributor
    Comments (3172) | Send Message
     
    Must be nice, that is they type of compensation most Americans don't understand. Your company has a great year than you are entitled to great compensation, you aren't doing anything to create value, why should you get a huge check.
    3 Feb 2012, 06:03 PM Reply Like
  • Ted Bear
    , contributor
    Comments (700) | Send Message
     
    Doing gods work is a bitch.

     

    I am sure the average Joe who bought some of their crap understands how difficult it is to dream up ways to fleece the sheeple.

     

    $7 Million hardly seems adequate.
    3 Feb 2012, 07:45 PM Reply Like
  • ilona
    , contributor
    Comments (13) | Send Message
     
    Every corporation needs investors - they can vote with their decision not to buy BS stock if they think that their officers' compensation is not warranted.
    I believe in freedom: they have the freedom to award him the compensation they think appropriate - investors have the freedom to boycott the stock.

     

    Simple!
    4 Feb 2012, 01:58 AM Reply Like
  • foxyroxie
    , contributor
    Comment (1) | Send Message
     
    He also received a 1 million 400 thousand dollar salary increase which will be paid out yearly till the next increase. That should tell you why the stock slid....poor management and legal thievery. I hope a few stockholers got smarter and left them in the dust.
    4 Feb 2012, 10:23 AM Reply Like
  • mope940
    , contributor
    Comments (42) | Send Message
     
    No problem for me. For all the crap he puts up with from the Feds, competitors, and broke dick jealous jerks like you he should get more.
    Everyone should get less until it comes to your wallet then the song changes. Too bad most of you are on food stamps.
    4 Feb 2012, 05:47 PM Reply Like
  • Ocean Man
    , contributor
    Comments (647) | Send Message
     
    That's pennies compared to the $90 million per year that Joe Nacchio got to run Qwest into the ground.
    4 Feb 2012, 06:11 PM Reply Like
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